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The Swipe debit card then allows users to spend their crypto assets at over 50 million Hi everyone, in this technical analysis I want to follow up on the previous idea, now that we have more information on what happened with the recent price movements on BTC.
Here I published that I believed the price would move downwards even though the price was only halfway the horizontal zones. This wasn't a good suggestion in retrospect, why would a trend Undervalued gem with only market cap of 50 Million. It should be worth at least a dollar for a token of UTK. Valuation should be approximately Million. BTC bull market is confirmed?
Downtrend still intact, but reversal hopes are getting stronger on higher timeframes. Rumor of big news coming However in 1 hour time frame we could have a breakout that could lead to a new high Price stuck inside a triangle.. Price broken triangle but need to close above green line and same time Green line need to hold as support.. Yesterday BTC aims towards local support orange line.
After trying to attempt this support area we started seeing a nice uptrend. This resistance area marks a critical resistance target. If we close above , we can expect This is a quick short-term update on Bitcoin.
The price is close to the 4H MA50 and so far it has held three times on respective Higher Lows attempts. This is causing BTC to consolidate within a Triangle. Triangle's are common within the dominant medium-term pattern, which since late October is a Bullish Megaphone and I have analyzed this extensively numerous Hi, Welcome to this analysis about Bitcoin, we are looking at the minute timeframe perspective.
Since Bitcoin formed this significant bull-trap yesterday after moving above the level and pulling back to previous zones with an emerging impulse it is forming an interesting formation now that will be the determining source within the upcoming times, BTC is facing resistance along the 0.
Bitcoin hitting top bolinger on 15 min. Also resistance level with many highs on 4hr. I believe those performance is tremendous while bitcoin or cryptocurrency adoption significantly increase by institution, consumers, as well as regulatory framework.
Technically, refer to momentum analysis If there must be a dump, it would start now. Short term I see a retrace to the middle section of the rising channel, at least. Pretty confident in this one. Not that I want to be a party pooper, but it may be time to watch the excitement. Is time tu pullback a little bit, short term on BTC short downtrend movement.
Maybe a pullback soon? Then we can go higher.